Ask HN: What is my company's next move?
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"I believe this is actually a strength for the site because I can focus on growth and the user experience."
To investors, they want a clear path to ROI (how long will it take and what is your estimate on how much they will be able to make). Before approaching any investor, you need this. Otherwise, you probably won't be able to get any money.
To investors, they want a clear path to ROI (how long will it take and what is your estimate on how much they will be able to make). Before approaching any investor, you need this. Otherwise, you probably won't be able to get any money.
Paul, I should clarify that the site will surpass the 100,000+ unique visitors per month range shortly. There is income. But the type of business it is means that larger income sources won't come online until 2-3 years down the road.
So are you actually making that income? from the 100,000+ unqiues?
We expect to reach that number by this summer. But yes, we are well on the way (above 50k).
I've listed some of the strengths; in my mind there is one challenge when it comes to seeking external money: I don't have a clear, short-term path to revenue (aside from traffic-based ads) and I'm worried that this is a problem for potential investors. [note: I believe this is actually a strength for the site because I can focus on growth and the user experience.]
So what is my next move? Apply to something like YC? Seek angel investors? Wait until I'm further along?
Feedback appreciated.